TripAdvisor Inc (TRIP)

Cash ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	1,067,000	1,124,000	1,141,000	1,100,000	1,021,000	1,066,000	1,045,000	781,000	723,000	682,000	775,000	674,000	418,000	446,000	698,000	798,000	319,000	838,000	901,000	771,000
Short-term investments	US$ in thousands	0	0	0	0	0	0	0	0	0	—	—	—	0	0	0	0	2,000	95,000	65,000	40,000
Total current liabilities	US$ in thousands	572,000	719,000	854,000	763,000	533,000	573,000	656,000	467,000	357,000	363,000	444,000	277,000	242,000	231,000	249,000	311,000	435,000	468,000	638,000	530,000
Cash ratio		1.87	1.56	1.34	1.44	1.92	1.86	1.59	1.67	2.03	1.88	1.75	2.43	1.73	1.93	2.80	2.57	0.74	1.99	1.51	1.53

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,067,000K + $0K) ÷ $572,000K
= 1.87

Based on the data provided, the cash ratio of TripAdvisor Inc. has fluctuated over the past eight quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover these obligations.

TripAdvisor Inc.'s cash ratio ranged from 1.39 to 2.00 during the period, with the highest value recorded in Q4 2022 and the lowest in Q2 2023. This variability suggests fluctuations in the company's cash position relative to its short-term liabilities.

Overall, TripAdvisor Inc. has maintained a relatively healthy cash ratio above 1 across all quarters, indicating that the company has a sufficient level of cash to meet its short-term obligations. However, investors and analysts may want to monitor the trend in the cash ratio over time to assess the company's liquidity position and financial health more comprehensively.